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Cavuto on Business

News/Business. Neil Cavuto and market analysts discuss financial issues and forecasts. (CC)

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DURATION
00:30:00

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San Francisco, CA, USA

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Comcast Cable

TUNER
Virtual Ch. 130 (Fox Business)

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mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
704

PIXEL HEIGHT
480

TOPIC FREQUENCY

Ho 4, Us 3, Paul Alexander 1, Regulati 1, Uni 1, Fda 1, Kabbalah 1, Johnson & Johnson 1, Darth Frank Locke 1, George W. Bush 1, America 1, Washington 1, Cuba 1, Washington Dc 1, Ronald Reagan 1, George Bush 1,
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  FOX Business    Cavuto on Business    News/Business. Neil Cavuto and market  
   analysts discuss financial issues and forecasts. (CC)  

    December 16, 2012
    8:30 - 9:00am EST  

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>> school is fun? >> they teach us in a fun way. john: you look forward to going to school? >> yes. twenty-seven regular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist change that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes.
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but the center for education reform says the charter movement has gone wrong. what happened is an example. >> my group have put together an application to start a charter school and we have been repeatedly stonewalled 57 because of your own daughter's experience you've got together with people and said we will start a charter. >> the first application was 100 pages could. denied. >> they said there was not a need we had typographical errors in the applicatn. john: wouldn't mcdonald's like to say that to burger king? >> yes. john: you try again. >> we fixed them and we got
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more people involved and we needed to show more apparent support. the first application had 70 letters the second was 125 letters. still denied. john: six times. this is typical. >> it is more and more typical. all-purpose of the charter school movement was to create new public schools, held accountable but free from most rules and regulati. but government encroaches everyday on people who want to start schools. john: the blob in charge they don't that competition state education department even the best states we have
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an of the highest performing traders goals and arizona the director spends 30% of the time filling out paperwork they tried to squeeze her school into a box. she has to report on the improvement plan. for what? john: i tried to make sure the kids are protected. >> but did her case are all kids reading at grade level? in no. math? no. qualified founders who have recognized something they want to do and we say don't come and? it is a movement people tried to get away fr. >> i have resisted undid the union's teachers showed up
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shame on you. then they demanded i try teaching. >> you can teach for one week. john: the crowd like to the idea. so why surprise them to say sure. i was ready. but the blob did its thing and would not let that have been after endless meetings they decided i should not teach for one week like they embraced the soviet bureaucracy they don't care about the kids? >> i cannot imagine why they stopped a school like hers and why existing charter schools zero or washington dc. >> speculate. >> they are so afraid to make any mistakes and fears
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a brisk if they are not the very best they will the longer be in business risk is in every great business. if you want high-quality want to take a brisk. >> we will keep trying. we have an appeal on the fifth application. john: good luck. du you use any of these products? cleaned with this? so there has government's steadying it. steadying it. what did the [ male announcer ] you are a business pro.
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john: people want government to keep us safe. the water we drink, the air we breathe. of the soap we use? in done name of protecting us the government has studied the ingredients of the antibacterial soap under our deodorant has ahemical that kills germs. total tuesday's. the bureaucrats steady they have than steadying and now 40 years a and still have not made a decision. paul alexander robo book called pandemic people versus terms. 40 years? >> the product was invented
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to start a review process. the fda decided it was safe to be effective they weren't certain that if was safe and there is some environmental group. then the environmental groups came into protests it was substance was dangerous. and to have rearch to back it up. >> and to save nine humans
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to use the product but a and the ap -- epa to label the pesticide. >> is good for identified this. john: it kills a pass. >> the epa bacteria is a fancy word for a germ is considered a past. then these in midges of ddt. >> johnson & johnson and? >> quite an extensive use of. maybe they say tt publicly but to predict it will
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happen in the future. finally after 40 years they make a decision to go against them. in terms of planning commit makes sense to assume after 40 years they may never make a decision if they do, it may not be in their favor. is a safe product and it is then your toothpaste. john: your tax dollars at work? >> more horrible examples of government good intention gone wrong. ♪
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john: good intentions gone wrong? that is what this is. said darth frank locke, hundreds of pages supposed to protect us from the evil banks for kabbalah
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addition say they took needless risks and mortgages because there was deregulation. >> reckless the regulation if we do not act the bad situation will become worse. john: they got it through 848 pages. i have not read it but a lawyer who has specializes in garbage like this. >> the problem is the myth surrounding this that the biggest that is it deregulation. john: 11 george bush? >> even earlier. ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the
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most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an
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institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50. they stay small the big banks get bigger. >> the more likely you are to be bailed out. john: i do make more money.
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it does other terrible things? >> something people need to realize is dodd/frank and 900 pages but it is just a mandate that says you have to make rules on a variety of topics. >> it says go right to new 400 new rules there is 400 it requirements of those 1/3 have been finalized. many year not enforced. 1/3 have been proposed and one-third are yet to to be proposed. we have only seen a small segment of rule-making. >> liv but just to keep up
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with these nobody could do it and it requires huge numbers of huge manpower hours. john: 24 million hours each year for the roles they have passed so far. >> approximately based on 200. 400 you could double that. john: no wonder the economy does not recover. >> if they were rules people could apply and understand but will we have seen their role say we will do whatever we want to. zero been discretion to do whatever we want. we don't know what they will do. >> we will dece later.
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>> pretty much the subtext. john: good intentions and gone bad. might take on government gone wrong and a little bit of good news.
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>> show title tonight, good
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intentions gone wrong describes what government does. we have problems. politicians claim they have a fix. they add laws, add to the growing pile of laws, 170,000 pages already. they propose a thousand new ones every week. at the bill signing, everyone feels good, and the public seems to buy it. they think a problem is solved. after all, no kids in washington ask the congressmen what laws did you repeal? it's congressman, what laws have you passed? so they pass and pass and laws pile up. for every one of these, there's an unintended consequence or several. the track record is clear. central planners failed in the soviet uni,, cuba, in america's public school systems, at the post office. central planning stops innovation, distorts the economy; yet, for all of that failure whenever another crisis
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hits, natural instinct is to say government has to do something. why don't we learn? because there are awless problems that must be solved. there are always politicians who claim to be problem solvers. they are so interested in our welfare. that's all they talk aboutment some went to harvard, so they must be so smart. we believe them, then, when they say, yes, we can. >> yes, we can. >> yes, we can. >> yes, we can. [cheers and applause] >> real life says they can't do things including free people. no, they can't. yes, they can pass a law, but the law does not solve the problem, but creates new ones. in my city last week, there were protests in front of mcdonalds. unions want fast workers paid more. the new "new york times" put thn
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the front page saying mcdonalds pays her $8, but she deserves $15 #. civil ights groups, union demands a higher living wage, and they may get it. [chanting] >> the big bad union like the big bad wolf like the government use force. if they want a $15 minimum, that's what employers must pay. that sounds good to people. everyone will get a raise. the problem comes from what is not seen. i can interview the guy who got a raise. i can't interview the guy who didn't open a mcdonalds because work rules were too onerous or those never offered a job because high union paid skills protected him out of a job. we don't know who those people are. they are the unscene

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